Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to CCR S.A.'s conference call to discuss changes in CCR's board of officers. We would like to inform you that all participants attending the conference will be in listen-only mode during the company's presentation. We will then start the Q&A session when further instructions will be provided. Should you need any support during the conference call, please request assistance from an operator by typing star zero. Before proceeding, we would like to clarify that any statements that may be made during this conference call regarding the company's business prospects, projections, and operational and financial goals constitute the beliefs and premises of CCR's management, as well as information currently available to the company. Forward-looking statements are no guarantee of performance. These statements refer to future events and therefore depend on circumstances that may or may not occur.
Investors should understand that general economic conditions, industry conditions, and other operating factors may affect the company's future results and may lead to results that differ materially from those expressed in such forward-looking statements. I would like now to turn the call over to Mr. Arthur Pio Filho, CFO and IR Officer of CCR. Mr. Arthur Pio, you may proceed.
Thank you, operator. Good afternoon, everyone. Thank you for attending our conference call. Today, we have Mr. Marcos Macedo with us. We are here today to discuss specifically the changes in the board of the company. First of all, a special thanks goes to CEO Renato Alves Vale, who will leave us on the 31st. Needless to mention the importance he has in making CCR a winning company.
As we announced in the material facts of last Friday, these changes are a result of the process of restructuring that began in 2014 with a program for the identification and development of strategic leadership, which relied on the support of Fundação Dom Cabral. It's been four years of work, which is still underway. We also have the support and contributions of international consultancies regarding corporate structuring and management aspects. In terms of management, the process included a comprehensive evaluation not only of CCR's businesses, but also of our management staff. In this context, the Nova Jornada program was also created, which aims to provide and support guidance to employees, offering resources to executives in the transition phase of their lives and careers in order to smoothly handle the completion of an important cycle as part of the company's history.
In the corporate arena, the business divisions, CCR Rodovias SP, CCR Rodovias BR, CCR Mobilidade, and CCR Aeroportos. They were created aiming at the specialization and segregation of the group's businesses. Asset transfers procedures are also being carried out for each of the business divisions. It's also important to highlight that all the changes announced on Friday were based on the appreciation of executives with experience in the company who are deeply familiar with the group and the market in which we operate. To ensure the objectivity of today's conference call, we ask that questions be addressed on the specific topic of changes to our board of officers. That said, let's now open the Q&A session. Operator, please you may proceed.
Ladies and gentlemen, we can now begin the question-and-answer session. To ask a question, please enter star one. To remove the question from the list, type star two.
Our first question comes from Pedro Brun from Santander.
Good afternoon, Arthur. Thank you very much for taking our questions. I have two questions if I may. I would like to know if the choice of Leonardo Vianna has anything to do with the market in Brazil and the business nowadays in the primary market, and if there are relevant assets for sale in the secondary market, and if yes, is there any practical difference in terms of Leonardo as a CEO that would make a difference as when he assumed his new position? The second question I'll ask after you answer my first one.
Thank you for the question. I think your question provided with the opportunity to say that one of the major challenges that the company has ever faced which is to expand its portfolio, considering that one of the main assets, one of the main concessions, has the remaining life relatively short. This is a concern that is clear to the market facing the company.
How we would replace, or as to say, those assets? Certainly, the comment you made is a fundamental piece in the decision-making puzzle that led us to the recommendation of the new CEO, Mr. Leonardo Vianna.
It's not only that. Without any doubt, his experience that has been accumulated along the years as CCR heading a team of evaluating new businesses, both in the primary and secondary markets, namely acquisitions. It was all fundamental to the decision we made. Can you ask your second question, please?
The second question doesn't have a lot to do with the topic. I would like to know what are the expectations in terms of growth, both in the primary market.
We have plan for this year and the secondary market with the assets that are made available.
Thank you.
Thank you for your interest. However, I believe this is not closely related to the topic of today. I am at your service, just like our whole IR team, to discuss this topic as we usually do with you. I would like to focus our discussion on to what we announced on Friday.
No problem. Thank you.
The next question comes from Ricardo Alves from Morgan Stanley.
Good afternoon, everyone. This is Josh Milgram from Morgan Stanley. My first question is I would like to comment on the status of the independent investigation. The committee has reported some conclusions to the council or to the board, or it hasn't, because I don't understand yet.
Josh, thank you very much for your question. I would like you to understand, just like what I did in the previous question, the colleague who's also connected in this call. As I said, the purpose of this call is not to provide further comments on the activities carried out by the independent committee. To put you in perspective, the committee reports provide information to the board of the company, and it's clear since the beginning that there would be a report to the board at the end of the activities. This is something that hasn't happened yet. Therefore, we have nothing to add yet because we still do not know how the activities stand. We cannot suggest no type of estimates or deadlines.
This is up to the independent committee and not to the company.
Perfect. I'm sorry if I lost part of the answers. I have another question. You said that you're implementing a transfer of assets to the new units of businesses. Could you provide some more light on this process? And how do you see the opportunities in terms of costs? And how can this materialize when we look ahead?
This as a transfer process is the following. As we started creating new business areas, as the months passed, it gained a legal entity position. The final objective is that the assets, depending on the nature of the activities, mobility or highways, whichever the division, as I mentioned in the different divisions, each one will have assets transferred after all the agreements have been executed. For example, the subway will go to mobilities.
For airports, all the assets will go to airports. Because some of them are directly connected to the holding Motiva. I would say this is merely a reconfiguration of the group, which is part of this process that has been going on for about three years or four years. The major objective of the board is to gradually making adjustments to the group design, both in the corporate assets and in the board organization, so that we can be better prepared to the future of opportunities.
Thank you for the answer.
The next question comes from Rogério Araujo, BF.
Hello, good afternoon. Thank you very much for the opportunity of asking questions. My first question is related to Leonardo Vianna. When he assumed the CEO position, I would like to know if that would be a new movement. Was it a choice of the moment, or is he the one chosen to head the company for the years to come? And I would like to know if Renato will be at Motiva available for this transition period before the end of the month, as it was announced that he would step down as CEO. Thank you.
Thank you for the question. I'm going to start from the end of your question. As we announced on Friday, Renato will be with us up to the 31st. After that, Leonardo Vianna will assume the position and the decision for the company that was taken by the board has a definite nature. It's not a temporary adjustment, and it's not provisional in any way. The company continues to be very cohesive. This is how the market should understand that the strategy of the company will continue to be the same. No surprises should be expected in terms of business lines or this type of thing. It's a decision that was made by the board based on a number of factors and supported by consultancy firms. The name, Leonardo Vianna, came from a number of evaluations taken into consideration, especially the challenges that I commented on the first question that was asked during this call in relation to the opportunities or the challenges that the company has. In other words, when we look in the medium term for the future.
Okay. Thank you. Perfect.
The next question comes from Rafael Frechel, from Bradesco BBI.
Good afternoon. Thank you very much for taking the question. With the change, what can we expect as changes in the strategy of the company?
Thank you very much for your question. At first, as I just said, the market should not expect any surprises.
Where in the area where the company operates. Once a year, we usually hold a public event focused on investors, insurance, financing, different markets, different publics with whom the company relates. In those examples, we disclose clearly the strategy of the company. We believe that the strategy is well-defined, is clear, has been made some time ago. Our strategy has been the same since its foundation. Along the years, it is natural that some other business lines should have some changes, which are related to the concession concept. Other lines are added, such as mobility, and also more recently, that of airports. We understand that there is a lack of projects in the market and updates in the infrastructure in Brazil in the sectors where we already operate.
I believe that the company strategy has always been this, namely to expand its portfolio considering all those lines of businesses.
The market should not expect any surprise, and we are not planning on any surprises in this new management.
Perfect. Thank you.
Ladies and gentlemen, we would like to remind you to ask a question, press star one.
The next question comes from Renato Raupp from Banco do Brasil.
Thank you very much for the question. We have been hearing from the news that there is a possibility of having a Brazilian leaving the shareholders' block. When Leonardo comes in, I was wondering if there is any change in the control block. Is there any possibility of Leonardo leaving the control of CCR, or is there an expectation of maintaining Leonardo in the block of shareholders?
Hello, Renato. Thank you very much for your question.
The indication of Leonardo Vianna for the position of the new CEO of the company, naturally it was made by CCR's board, which today comprises three groups: Andrade, Camargo Corrêa, and Soares Penido. As I said before, I had the opportunity to answer before, this was a definite decision. It has no aspect that we could say that would be provisional or temporary, or any term that is only temporary, or anything that could describe the situation as such. The speculation that you mentioned in the beginning of your question about having one of the shareholders leaving the block. It is a situation when we would rather not comment on because it is not related to the company. I don't know how I could relate one thing to the other. Okay. Let's wait for the event to come.
T hank you.
We have now closed the question and answer session. I would like to give the floor to Mr. Arthur Pio Filho for his final remarks.
On behalf of CCR, I would like to thank you for the time and interest. Please do not hesitate to contact any of us from the IR team if you have any further questions. We are always at the disposal of the market. Have a nice day. The conference call of CCR is completed. We would like to thank you for your participation, and have a nice afternoon.